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WHATISSTATISTICS? Abranchofmathematicsthatisconcernedwithusingdifferentmethodsfor collecting,organising,presenting,analysingandinterpretingdatatoget usefulinformationoroutcome.
TYPESOFSTATISTICS Therearetwodifferenttypesofstatistics.Theseareasfollows - Descriptive statistics - Itdealswithdescribingthefeaturesandpropertiesofagroupof places,people,orthings.Inferentialstatistics - Itdealswithgettinginformation relatedtopropertiesandcharacteristicsthroughabiggroupofplaces,people, orthingsbasedontheinformationgatheredthroughasmallpartofabigger group.
VARIOUSFUNCTIONSOFSTATISTICS Differentfunctionsofstatisticsarenoted-below. Estimation Condensation ForecastingComparison
DIFFERENTCOMPONENTSOFSTATISTICS Variouscomponentsofstatisticsarenoted-below.Population - Thecollection ofitemsorindividualsthatarerequiredinastatisticalstudy. Parameters - Itisusedtosum-upthefeaturesandcharacteristicsofthe populationthatareunderinvestigation. Sample - Thepartofthepopulationthroughwhichinformationisgathered. Statistic - Itshowsthecharacteristicsofthegatheredsamplethatare neededtocreatetheinferenceaboutunknownparameters.
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